Article (Oct 1, 1857) reports that the Mechanics and Farmers' and Citizens' Banks in Williamsburg, N.Y. have suspended. No mention of a prior run or of reopening; placed during the Panic of 1857, so classified as suspension leading to closure. Bank type not specified in text. I corrected city to Williamsburg (a section of Brooklyn) and rendered the bank name as Citizens' Bank matching 19th-century usage.
Events (1)
1.October 1, 1857Suspension
Cause
Macro News
Cause Details
Suspension occurred amid widespread banking distress during the Panic of 1857; multiple local banks suspended on same date.
Newspaper Excerpt
The Mechanics and Farmers' and Citizens' Banks have suspended.
Source
newspapers
Newspaper Articles (1)
1.October 2, 1857The Daily DispatchRichmond, VA
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Article Text
SUSPENSION IN WILLIAMSBURG, N. Y. WILLIAMSBURG, N. Y., Oct. 1.-The Mechanics and Farmers' and Citizens' Banks have suspended.